Weatherly Asset Management L. P. Has $4.35 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Weatherly Asset Management L. P. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,903 shares of the credit services provider’s stock after selling 1,210 shares during the period. Weatherly Asset Management L. P.’s holdings in PayPal were worth $4,345,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Capital Wealth Alliance LLC acquired a new position in shares of PayPal during the 4th quarter worth about $387,000. Essex Financial Services Inc. increased its stake in shares of PayPal by 7.7% during the 4th quarter. Essex Financial Services Inc. now owns 5,147 shares of the credit services provider’s stock worth $439,000 after purchasing an additional 367 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of PayPal by 32.8% during the 4th quarter. Summit Trail Advisors LLC now owns 16,315 shares of the credit services provider’s stock worth $1,392,000 after purchasing an additional 4,025 shares during the last quarter. Equitable Trust Co. increased its stake in shares of PayPal by 16.5% during the 4th quarter. Equitable Trust Co. now owns 15,637 shares of the credit services provider’s stock worth $1,335,000 after purchasing an additional 2,217 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. acquired a new position in shares of PayPal during the 4th quarter worth about $2,306,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 1.2 %

Shares of NASDAQ PYPL opened at $78.24 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The firm has a 50 day moving average price of $87.52 and a two-hundred day moving average price of $79.79. The stock has a market cap of $77.40 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the company posted $1.48 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PYPL. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Macquarie upped their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday. Keefe, Bruyette & Woods upped their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Piper Sandler upped their price target on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, Mizuho upped their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.